All Forum Posts by: Reyna Ayala

The House is not under an llc. Just want to start setting up as if it were. 

so far i have thought about creating 7 accounts.

1) all rental income account 

2) account where common utilities and mortgage will be billed

3)maintence/capex expenses

4)vacancy expense

5)management expense (to put the units up for rent)

6) property taxes 

7)cashflow 

am i missing anything? 

Hi first time landlord to a duplex in new city. Wanted to know if landscaping is a tax deductable expense in general and if it differs when one unit is owner occupied. Thanks !